More calls for tougher regs on big banks

JPMorphing.  NYT editorial:  “JPMorgan Chase's whopping multibillion-dollar trading loss has revived calls for a tougher version of the Volcker Rule, but Jamie Dimon isn't dropping his campaign against regulation.”

Banking needs more than the Volcker rule, it needs more Volckers, argues W. Post's Harold Meyerson: "Rumpled and unglamorous, Volcker personified banking before big money gave it glitz. He implicitly threatened to drag it back to the days when Wall Streeters occasionally had to hail their own cabs ... if Dimon’s bank and others like it are not to periodically blow themselves up — taking the economy down with them — they’ll have to be made smaller, safer and less dashing."